Vestcor Inc Purchases 6,003 Shares of CMS Energy Co. (NYSE:CMS)

Vestcor Inc lifted its position in CMS Energy Co. (NYSE:CMS) by 66.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,007 shares of the utilities provider’s stock after buying an additional 6,003 shares during the period. Vestcor Inc’s holdings in CMS Energy were worth $1,000,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMS. Atria Investments Inc raised its holdings in CMS Energy by 1.3% in the third quarter. Atria Investments Inc now owns 22,534 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 287 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in CMS Energy by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,688 shares of the utilities provider’s stock worth $51,043,000 after purchasing an additional 9,614 shares in the last quarter. Huntington National Bank raised its holdings in CMS Energy by 2.5% in the third quarter. Huntington National Bank now owns 11,650 shares of the utilities provider’s stock worth $823,000 after purchasing an additional 280 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in CMS Energy by 25.2% in the third quarter. Zions Bancorporation N.A. now owns 5,931 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 1,192 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

Shares of NYSE CMS opened at $72.83 on Friday. The business’s 50 day moving average price is $69.04 and its 200 day moving average price is $68.92. The firm has a market cap of $21.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, sell-side analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

Analyst Ratings Changes

A number of equities analysts have commented on CMS shares. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Scotiabank upped their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,950 shares of company stock worth $2,682,720. Corporate insiders own 0.53% of the company’s stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.